Blackbird plc AIM:BIRD
- Incorporated
- United Kingdom
- Employees
- 29
- Reports in
- GBP
- Companies House
- 03507286
Read straight from the annual reports
1.8p at close on 5 Oct 2026 · 11 reported years, 2015–2025
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GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
11 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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Blackbird enterprise licence and usage fees to news/sport broadcasters (FIFA, CBS Sports, Blox Digital's 77 regional US TV stations)
Sold on annual or multi-year deals with fees based on users, storage and content ingested
page 8Technology licensing royalty to EVS for IPD VIA Create
Royalty based on editor seats and live feeds ingested, underpinned by an annual minimum guarantee; €0.3m minimum guarantee recognised in 2025
page 8Staff cost savings
Operating costs decreased to £2.95m from £3.60m mainly due to staff cost savings, partially offset by higher elevate.io marketing spend
page 6Increased amortisation from elevate.io payment gateway
Amortisation began in February 2025 on elevate.io capitalised costs, increasing amortisation charge to £998,717 (2024: £411,585) and widening net loss
page 6£493k charge: Write-off of fully amortised intangible balances relating to discontinued products Eva and Captevate
page 46elevate.io is the clearest expression yet of what Blackbird has always been building; the pace of development is accelerating and the Board anticipates a meaningful monetisation curve as the company exits its product-market fit stage
page 4Since year end, the Company received c.£0.47m (net proceeds) from a subscription from an existing investor, announced in December 2025, to be used to support elevate.io marketing and general working capital
page 13Unqualified ('true and fair') audit opinion from Moore Kingston Smith LLP (Jeremy Read, Senior Statutory Auditor), dated 20 March 2026; going concern basis considered appropriate after review of 2026/2027 budgets, cash flow forecasts and a downside Action Plan (cost/overhead reductions) providing at least 12 months' runway from approval date; KAMs were revenue recognition and carrying value of intangible assets, both concluded satisfactory
page 22- Going concern / funding risk: variables outside Company's control could lead to slower growth than forecast, requiring additional funding; elevate.io sales timing uncertainp.10
- Technology and product risk: reliance on continued cloud adoption, need for continuous product innovation with limited resources versus competitors, dependency on third-party (open source and proprietary) software/licencesp.10
- Competitor and market risk: much larger, better-resourced competitors (Adobe, Avid/DaVinci, Apple, CapCut) could outpace product development or marketingp.10
- Organisational/key-person risk: small company with high proportion of key staff whose loss would be detrimentalp.10
Read from C000177-AR-2025-ch.
10 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (10)
FY2026Next report expected 12 Mar 2027